Wemade Secures 66 Billion KRW Investment from Shinhan Asset Management, Kiwoom Securities, and MS

[Asia Economy Reporter Kang Nahum] Wemade announced on the 2nd that it has attracted an investment of 66 billion KRW (approximately 46 million USD) from Shinhan Asset Management, Kiwoom Securities, Microsoft, and others.

A Wemade official explained, "This investment was secured under favorable conditions from leading domestic financial investors and overseas strategic investors despite the uncertain macro environment and intensified market volatility."

Recently, Wemade launched its own blockchain mainnet WEMIX3.0, introduced the 100% collateralized stablecoin WEMIX Dollar, and the DeFi (decentralized finance) platform WEMIX.Fi. They plan to soon launch NILE, a new economy platform combining non-fungible tokens (NFT) and decentralized autonomous organizations (DAO).

Jang Hyun-guk, CEO of Wemade, said, "This is a meaningful investment involving reputable financial and strategic investors who have achieved excellent results," adding, "Wemade and WEMIX will continue efforts to attract investments and actively invest in building a global digital economy platform."